The naira weakened on the official market on Tuesday, dropping to N1,656.49/$1 compared to N1,546.41/$1 on Friday, data from FMDQ shows. New Telegraph’s analysis of the FMDQ data indicates that the naira maintained a downward trend for most part of last week. For instance, the local currency depreciated on the official market to N1,611.34/$1, N1,625.88/$1...

The post Naira Depreciates To N1,656.49/$1 On Official Market first appeared on New Telegraph.

The post Naira Depreciates To N1,656.49/$1 On Official Market appeared first on New Telegraph.